07 January 2012

Dreaded inflation...is sneaking back! In 2011...Brasil suffered 6.5% inflation...the highest since 2004...well above the c.bank's target rate of 4.5%. But the c.bank called it a 'victory'...because it was within 2% of the target. The chief culprit appears to be food prices. They rose by 7.18% in 2011...but lower than 2010's 10.39% increase.